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In this article, you will learn how to manage unsold inventory by creating a dedicated payment method, carrier, and customer for expired items, also known as dumping inventory. |
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Use this method of removing expired inventory to keep track of unsold products in Komet Analytics. |
Table of Contents
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Step one: Create a new payment method
Go to Setup and select Settings.
Click on Payment Methods located in the Account Receivables group.
Click on Add a new payment method.
Name it Expired Inventory and click Save.
Step two: Create a new Customer
Go to Setup and select Customers.
Click on Add Customer.
Name it
Dump Account.
Select Expired Inventory as a payment method.
Enable Landed cost as price in the Advanced settings.
Click Save to enable the new Customer.
Step three: Create a Carrier
Go to Setup and select Carriers.
Click on Add Carrier.
Name it Expired Inventory.
Add EXP as the Carrier Code.
Click Save.
Step four: Sell the Expired Inventory to this Customer
Go to Order Entry and select Add Order.
Select Expired Inventory as a Customer.
Select Expired Inventory as a Carrier.
Click on Add Items.
Add the products you are removing from the Inventory.
Click on Confirm to submit the Order.
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